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KiniFlash - 4 May: Bandar Malaysia deal collapses

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The Chinese government had refused to authorise a state-owned firm's deal with Johor-based Iskandar Waterfront Holdings (IWH) to acquire a 60 percent stake in Bandar Malaysia, according to the Wall Street Journal.
Following the reported collapse of the RM7.41 billion deal, DAP lawmaker Tony Pua questioned whether state investor 1MDB will have to refund RM741 million in deposits.
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